MGM China Holdings (FRA:M04) Beginning Cash Position: €606 Mil (As of Dec. 2025)

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FRA:M04 MGM China Holdings Ltd FRA:M04
73 GF Score
Price €1.20
GF Value €1.86
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MGM China Holdings Beginning Cash Position?

MGM China Holdings FRA:M04 +6.19% 73 Beginning Cash Position is €606 Mil as of Dec. 2025. GuruFocus rates FRA:M04 with a GF Score™ of 73/100 and a GF Value™ of €1.86 (Significantly Undervalued). The stock has 3 warning signs investors should review.

MGM China Holdings's Beginning Cash Position for the quarter that ended in Dec. 2025 was €606 Mil.

MGM China Holdings's quarterly Beginning Cash Position declined from Dec. 2024 (€641 Mil) to Jun. 2025 (€587 Mil) but then increased from Jun. 2025 (€587 Mil) to Dec. 2025 (€606 Mil).

MGM China Holdings's annual Beginning Cash Position declined from Dec. 2023 (€787 Mil) to Dec. 2024 (€520 Mil) but then increased from Dec. 2024 (€520 Mil) to Dec. 2025 (€583 Mil).

MGM China Holdings Beginning Cash Position Related Terms

MGM China Holdings Beginning Cash Position Historical Data

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The historical data trend for MGM China Holdings's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MGM China Holdings Beginning Cash Position Chart

MGM China Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 299.07 377.34 787.46 519.92 583.41

MGM China Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 412.56 503.40 640.62 587.17 605.68
FRA:M04
73GF Score
MGM China Holdings Ltd FRA:M04
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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MGM China Holdings Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €606 Mil mean?
MGM China Holdings (FRA:M04) has a Beginning Cash Position of €606 Mil as of Dec. 2025. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on MGM China Holdings and its competitors.
Is MGM China Holdings' Beginning Cash Position too high?
MGM China Holdings' current Beginning Cash Position is €606 Mil. Overall, MGM China Holdings has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGM China Holdings' Beginning Cash Position compare to LVS and MGM?
MGM China Holdings' Beginning Cash Position of €606 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Travel & Leisure company?
A good Beginning Cash Position depends on the Travel & Leisure industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on MGM China Holdings and its competitors. MGM China Holdings's current Beginning Cash Position is €606 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGM China Holdings stock overvalued right now?
Based on GuruFocus' analysis, MGM China Holdings (FRA:M04) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.86, compared to a current price of €1.20 — trading 35.5% below its estimated fair value. The current Beginning Cash Position is €606 Mil. MGM China Holdings' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For MGM China Holdings (FRA:M04), the current Beginning Cash Position is €606 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MGM China Holdings (FRA:M04) Overvalued in 2026?

Based on GuruFocus' analysis, MGM China Holdings stock appears to be undervalued. The current stock price of €1.20 is trading 35.5% below its estimated GF Value™ of €1.86. GuruFocus considers MGM China Holdings to be Significantly Undervalued.

Key valuation signals for FRA:M04:

  • Beginning Cash Position: €606 Mil
  • GF Value™: €1.86 vs. price of €1.20 (35.5% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FRA:M04 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGM China Holdings Business Description

Address Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC
MGM China is one of six casino license holders in Macao. It operates two integrated resorts: the MGM Macau in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.
73GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.20
Price
€1.86
GF Value